Vishal Mega Mart’s ₹8,000 crore IPO, a fully offer-for-sale issue involving 102.56 crore shares, is set to close today, December 13, 2024. The IPO price band is ₹74-₹78 per share, with a minimum application lot size of 190 shares, requiring a retail investment of ₹14,820.
Subscription and Allotment Details:
- The IPO has been subscribed 1.63 times so far.
- Retail investors have subscribed 1.23 times, while NIIs have oversubscribed the issue by over 4 times.
- The allotment is expected on December 16, with a tentative listing date of December 18 on BSE and NSE.
Grey Market Premium: The IPO is trading at a ₹16 per share premium in the grey market, suggesting a potential listing price of ₹94, a 20.51% premium over the upper price band of ₹78.
Key Managers: Kotak Mahindra Capital, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India are the book-running lead managers, with Kfin Technologies as the registrar.
The raised ₹8,000 crore proceeds will entirely benefit the selling shareholders, with no funds allocated for the company’s operations.
